Alternative risk solutions are available to suit many industries and include property, casualty, professional and specialty lines. Whether an alternative risk transfer program is the right choice for your organization depends upon the organization’s threshold for addressing risk and controlling it.

The Bermuda insurance market is the second-largest insurance and reinsurance marketplace in the world. With over $100 billion of capital and surplus plus more than 125 major insurers and a history of providing competitive and creative risk solutions, Bermuda has become the world's most dynamic insurance market.

Arthur J. Gallagher & Co. has had operations in Bermuda for many years. Our core expertise in that market is focused primarily on alternative risk transfer and excess insurance placing excess insurance and reinsurance above retained and underlying layers with various markets.

Our Gallagher team provides a variety of risk analysis and claims advocacy services through our captive partners and Alternative Risk teams that are specifically designed to scrutinize risk, help mitigate losses and increase the qualitative depth of a risk transfer program. Our analytics experts include actuarial, financial, claims and loss control professionals that will map out a comprehensive evaluation of a client's specific risk circumstances to provide adapted solutions to complex risk questions. This data will allow you to more accurately evaluate risk, optimize structural efficiencies and facilitate more informed decisions to maintain long-term viability and cost stability.

As insurance costs remain unpredictable, a growing number of corporations, groups and associations are looking to have more control over their expenditures. Our alternative risk professionals will evaluate, create and deliver the optimal retention solution for your unique risk management needs. Our team is proficient in all disciplines of alternative risk transfer and captive management insurance and reinsurance. We respond quickly to changing market conditions and pay meticulous attention to critical details and opportunities for efficiencies.

Our captive management services in a variety of onshore and offshore domiciles (including Arizona, Bermuda, District of Columbia, Grand Cayman, Hawaii, Nevada, South Carolina and Vermont) develop services and solutions such as:

Ongoing consulting support for addressing all regulatory and accounting considerations, structuring and securing the program, sustaining ongoing risk financing objectives and assisting in the service provider selection process.

Participating as an owner-member of a captive provides distinct advantages for a wide range of companies. Most importantly, it increases an organization’s control over insurance costs. Coverages provided by a captive typically include workers compensation, general liability, automobile liability (owned and non-owned) and automobile physical damages. Structured correctly, captives can offer the following benefits:

Professional Employer Organizations (PEOs) provide clients with operationally efficient and cost-effective outsourcing for the management of key administrative functions such as human resources, employee benefits, payroll, unemployment and workers compensation issues. Given the increasingly complex aspects and regulatory changes relative to employee-related issues, it is important to be confident that your are working with professionals who have the expertise to partner with our PEO providers that are experience in administering their programs. Our team members are considered PEO experts even to the point of conducting training classes for state regulatory agencies.